Senior Consultant, Program Underwriting - E&S/Specialty (Casualty Programs)
Locations: Ohio, United States - Remote
Time Type: Full time
Posted on: Posted 3 Days Ago
Job Requisition ID: 88858
If you’re passionate about helping people protect what matters most to them, as well as innovating and simplifying processes and operations to provide the best customer value, then Nationwide’s Property and Casualty team could be the place for you! At Nationwide, “on your side” goes beyond just words. Our customers are at the center of everything we do and we’re looking for associates who are passionate about delivering extraordinary care. Are you skilled in transformational change, with a strong background in casualty underwriting? If you also excel in leading through influence, this could be the opportunity for you! This role will report within the diverse and dynamic Casualty Programs vertical team.
We are seeking an ideal candidate with extensive experience in complex casualty underwriting. A specialty in E&S/S construction or energy underwriting is a plus. We are looking for an individual interested in broadening their scope by overseeing portfolios of programs rather than focusing solely on individual risk underwriting. Candidate will have flexibility to be based anywhere in the lower 48 states with the capability to work remotely and travel as necessary to meet business requirements.
Job Description Summary
Are you a problem solver who can analyze complex risk and find insurance solutions that balance customer needs with business goals? If you can take initiative, use both your analytical and creative abilities to make sound decisions and have a desire to help people solve real challenges, we want to know more about you!
As a Sr Consultant, you will act as a high-level individual contributor subject matter expert within the business unit. You will direct the rates and form filings development process. You'll develop and implement region or channel strategic program plans and objectives. You'll be responsible for ensuring account authorizations meet region or channel program strategies. In order to be successful, you will need to build and maintain strong effective relationships with internal business liaisons, external program managers, and other key partners. You'll be responsible for guiding, training and mentoring underwriting team members.
Key Responsibilities:
High level individual contributor subject matter expert within the business unit. Responsible for driving the sales and underwriting relationship for Programs products and services. Responsible for establishment of program goals and metrics for a specific vertical; ensuring alignment with scorecards. Provides forecasting related to trends and profitability; takes action based on results as needed.
Directs the program manager relationships and results and recommends corrective action if necessary. Understands business needs and identifies new business opportunities.
Reviews highly complex individual risks, programs, or accounts. Approves accounts which exceed underwriting staff authority/program managers authority due to level of complexity, premium, class of business or coverage provided.
Administers and participates in discussions with reinsurers per department guidelines, verifying the appropriate use of all reinsurance facilities used by the department.
Directs the development, implementation and monitoring of underwriting guidelines, rates, forms, product endorsements and procedures.
Interacts with various business partners (i.e. claims, actuary, compliance, etc.) to achieve company goals and objectives.
Responsible for audits of individual risks/programs for compliance with company guidelines, state regulations and reinsurance conditions.
Independently establishes and maintains effective relationships with program managers in order to generate growth and profitability.
Responsible for identifying new program opportunities, facilitating all steps involved in the due diligence process and making recommendations to senior management on new opportunities.
Attends industry functions to promote E&S/S Programs brand and capabilities of the programs team in order to help identify new program business opportunities.
Acts as a resource for direction, training and guidance for less experienced staff.
Maintains knowledge of insurance regulations; provides consulting regarding legislation that impacts the organization.
May perform other responsibilities as assigned.
Reporting Relationships: Reports to Director/AVP. Acts primarily as an individual contributor; may have two or less direct reports.
Typical Skills and Experiences:
Education: Undergraduate studies with focus in Finance, Accounting Economics, and/or Risk Management. Graduate degree preferred.
Experience: Typically eight years related experience as a Professional, Financial and/or Specialty lines underwriter. Program leadership experience in professional lines of business is preferred.
Knowledge, Abilities and Skills: In-depth knowledge of lines underwriting policies, practices and procedures, insurance law and underwriting marketing principles and techniques. Must possess excellent verbal and written communication skills to interact with internal/external business partners at all levels.
Job conditions:
Overtime Eligibility: Not Eligible (Exempt)
Working Conditions: Normal office environment. Ability to travel locally and overnight for client meetings as needed.
ADA: The above statements cover what are generally believed to be principal and essential functions of this job.
We currently anticipate accepting applications until 09/16/2024. However, we encourage early submissions, as the posting may close sooner if a strong candidate slate is identified before the deadline.
Benefits: We have an array of benefits to fit your needs, including: medical/dental/vision, life insurance, short and long term disability coverage, paid time off, 401(k) with company match, and more.
Nationwide is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive culture where everyone feels challenged, appreciated, respected and engaged.
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